Wednesday, May 29, 2013

Cobrapost sting: I-T notices to ICICI, HDFC and Axis banks

...........In its report on accusations against the three banks, RBI had said there were instances of splitting cash deposits below Rs 10 lakh to avoid reporting it as a cash transaction.It said the banks were found to be accepting cash of Rs 50,000 or more without a permanent account number (PAN)..............

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